One of the most common questions I hear from buyers is “how much house can I get for my money”? In September 2012, the Knoxville Area Association of Realtors reported there were 1489 active single family residential homes and condos for sale in the KAAR Multiple Listing Service during that period in the $200-$250 thousand dollar range. Of those 1489 properties a total of 94 homes and condos sold during the month. Throughout Knox County the average square footage in that price range was 2430 square feet and the average closed sales price was $222,892 (average of $92 per square foot).
Right now if your target budget is around $250, 000 you have exactly 84 homes and 17 condos to choose from in ALL of Knox County. People are buying in that price range as there are currently 21 homes and condos under contract between $240-$260 thousand dollars. While that number is not as high as during peak sales months, at this time of year which is typically slower, that is still a good pace for properties to sell in this price range.
So what do you have to choose from around Knoxville between $240-$260,000?
- Farragut: 7 single family homes and 4 condos with houses ranging from 1812-2708 square feet; primarily newer homes, most of these homes are 3 bed 2 bath and are classified as two story homes.
- West Knoxville: 36 single family homes and 7 condos with houses ranging from 1724-3502 square feet; majority of houses are two story or basement ranch style houses with 4 bedrooms 2 plus baths.
- North Knoxville: 34 single family homes and 2 condo with houses ranging from 1950-3450 square feet; mix of newer and older homes, with two thirds of the houses having a 3 bed 2 bath configuration.
- East Knoxville: 3 single family homes and zero condos ranging from 2113-3952 square feet; mid-century construction, most are 3 bed 2 and a half bath configuration.
Looking now and need a good buyers’ agent? Tell me about your dream home… I would love to help! Please feel free to use the Real Estate Property Search feature on my website, or Schedule a Showing.
Are you wondering what is involved in buying a home? Request your FREE copy of my Home Buyer’s Guide Book by completing the information below. Just hit submit to instantly receive the Download link and an additional copy will be delivered to your email. I promise I do not spam.
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Post by Shannon Foster-Boline
